Forex Previews

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With Brexit in limbo, pound looks to UK jobs data – Forex News Preview

Posted on February 18, 2019 at 12:15 pm GMT

The latest British employment data are due for release on Tuesday, at 09:30 GMT. Forecasts point to some further acceleration in wage growth during December, which is encouraging and could support the pound on the news. That said, with less than six weeks left until the UK exits the EU, and still no agreement in place, any data-induced rallies in sterling may remain limited until the political fog clears a little. The UK labor market remains the economy’s bright spot, [..]

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Week Ahead – Flash February PMIs eyed for growth clues; Fed and ECB minutes to be watched too

Posted on February 15, 2019 at 1:33 pm GMT

The focus will firmly be on economic indicators next week as political and central bank events temporarily take a back seat. The latest PMI releases for the Eurozone will be one of the highlights as growth in the region grinds to a halt, while employment numbers out of Australia and the United Kingdom will attract attention too. Japanese trade and inflation figures will also be on investors’ watch list. Central banks will not be totally absent, however, as the latest [..]

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Japan to return to growth in Q4 but global slowdown to weigh on outlook – Forex News Preview

Posted on February 13, 2019 at 3:08 pm GMT

Japan will post fourth quarter GDP numbers on Thursday (23:50 GMT, Wednesday) with growth expected to have partially recovered from a third quarter contraction. But with global growth decelerating at a worrying rate and the sales tax in Japan due to rise in October, a modest rebound at the end of 2018 is unlikely to diminish the risk of more negative quarters to come in 2019.     A rebound in business spending and private consumption is expected to have lifted [..]

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Aussie looks to key Chinese data and conclusion of trade talks – Forex News Preview

Posted on February 13, 2019 at 2:54 pm GMT

China’s trade and inflation figures for January will hit the markets early on Thursday and Friday, respectively. Forecasts point to further weakness, which may spell some trouble for “China-sensitive” currencies like the aussie. That said, the far bigger driver for market sentiment will likely be any updates in the US-China trade talks, the latest round of which concludes in Beijing on Friday. The Chinese economy continued to slow at the beginning of 2019, if the forecasts for the upcoming indicators [..]

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US inflation and delayed retail sales may struggle to distract dollar from trade talks – Forex News Preview

Posted on February 12, 2019 at 4:37 pm GMT

While another round of high-level trade talks between the US and China will be keeping investors on edge this week, dollar traders might seek some distraction from monthly inflation, retail sales and industrial output data out of the US over the next few days. Consumer price inflation for January is up first on Wednesday at 13:30 GMT, and Thursday will see the release of the December retail sales report, also at 13:30 GMT, which was delayed due to the government [..]

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Germany to avoid recession in Q4 but risks still lurk – Forex News Preview

Posted on February 12, 2019 at 4:20 pm GMT

The euro has been in a disadvantageous position over the past two weeks as Italy tipped into recession at the end of last year, while the ongoing Brexit drama continued to restrict buying interest for the currency. Concerns have been also growing in Germany, where the third quarter saw the biggest EU economy contracting for the first time after four years, with investors anxiously waiting fresh GDP growth readings out of the country on Thursday to determine whether the economy [..]

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RBNZ may appear dovish, but not enough to satisfy the bears – Forex News Preview

Posted on February 12, 2019 at 3:18 pm GMT

The Reserve Bank of New Zealand (RBNZ) will conclude its policy meeting on Wednesday, at 0100 GMT. Governor Orr will hold a press conference an hour later. In the wake of some disappointing employment data, traders have sharply ramped up their bets for a rate cut this year. While the central bank may indeed cut rates later in 2019, it’s unlikely to clearly signal such a move this early, which generates an upside risk for the kiwi on the decision. [..]

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UK inflation to dip below 2%; January retail sales eyed after weak GDP – Forex News Preview

Posted on February 12, 2019 at 11:10 am GMT

After the disappointing GDP numbers for the fourth quarter, the pound is unlikely to find much support from the next set of data to be published in the UK this week. January inflation and retail sales readings are due on Wednesday and Friday, respectively, at 09:30 GMT. Both reports are expected to point to further weakness in the British economy, as a combination of lingering Brexit uncertainty and global growth slowdown take their toll. Prices pressures in the UK have [..]

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UK GDP growth to decelerate in Q4 – Forex News Preview

Posted on February 8, 2019 at 2:48 pm GMT

The Bank of England joined its dovish counterparts on Thursday after leaving interest rates steady as expected amid mounting fears that Brexit coinciding with a global economic slowdown could further sink British markets. Of more importance, policymakers surprisingly decided to cut growth forecasts to 1.2% for 2019 which is the lowest since financial crisis, turning the spotlight to Monday’s preliminary GDP figures for the fourth quarter, with markets predicting a weaker start for the year. At 0930 GMT, the Office for National Statistics [..]

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Week Ahead – Japanese and UK Q4 GDP in focus; Kiwi readies for dovish noises from RBNZ

Posted on February 8, 2019 at 2:45 pm GMT

Japan and the United Kingdom will be next to publish economic growth numbers for the final quarter of 2018, while the Eurozone will release its second GDP estimate for the period. Inflation data out of the US and the UK will also be watched. The Reserve Bank of New Zealand will be among the last of the major central banks to hold its first monetary policy meeting of 2019. The Bank is unlikely to buck the trend and will probably [..]

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